Albertans planning to invest in their retirement

calgaryherald

Updated: January 31, 2012

Flames goalie Jonas Hiller stops a deflection by teammate Paul Byron during practice at the Saddledome on Wednesday. The Swiss netminder was buoyed by being named Calgary’s starter for the forseeable future.Ted Rhodes

More Albertans than anywhere else in the country are planning to invest in their retirement this year.

A CIBC poll, conducted by Harris/Decima, indicates 65 per cent of people in Alberta will contribute to an RRSP, a TFSA, or both in 2012.

Additionally, the poll showed that 34 per cent of Albertans will invest in both plans this year. It said 14 per cent will also only invest in an RRSP and 16 per cent only in a TFSA.

Across Canada, 24 per cent said they would invest in both while 19 per cent would invest only in an RRSP and 15 per cent only in a TFSA.

“It is encouraging news that many Canadians are planning to make a contribution to their retirement fund this year. In the past two years almost 93 per cent of tax filers were eligible to contribute to an RRSP but only 26 per cent of them actually made a contribution,” says Jamie Golombek, Managing Director, Tax & Estate Planning, CIBC.

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